The part of the Federal Reserve System (the Fed) that directs the buying and selling of U.S. government securities is
A. the Federal Open Market Committee.
B. the Federal Advisory Committee.
C. the Federal Reserve district banks.
D. the Board of Governors.
Answer: A
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Today, Walt Disney World charges different customers different prices for admission. This pricing strategy is called
A) odd pricing. B) arbitrage. C) cost-price pricing. D) price discrimination.
Suppose the only two goods that Charlie consumes are wine and cheese. When wine sells for $10 a bottle and cheese sell for $10 a pound, he buys 6 bottles of wine and 4 pounds of cheese — spending his entire income of $100 . One day the price of wine falls to $5 a bottle and the price of cheese increases to $20 a pound, while his income does not change. The bundle of wine and cheese that he
purchased at the old prices now costs a. the same amount at the new prices. b. less than Charlie's income at the new prices. c. more than Charlie's income at the new prices. d. We do not have enough information to answer the question.
Are money and income the same thing?
A. No, money is measured at a point in time and income is measured for a period of time. B. No, money is measured for a period of time and income is measured at a point in time. C. Yes, they are just measured in different ways. D. Yes, the only difference is real versus nominal.
Answer the following statements true (T) or false (F)
1. Managed-care organizations attempt to control their enrolled members' use of health care as a way of containing costs. 2. Health maintenance organizations (HMOs) are like health clubs that operate facilities where people can exercise and get physical training. 3. Health savings accounts enable individuals who have high deductible private insurance to place tax-free dollars into special accounts that can be used to pay for medical expenses. 4. The main focus of the Patient Protection and Affordable Care Act (PPACA) is the provision of health insurance coverage to all Americans. 5. Aside from new taxes, the Patient Protection and Affordable Care Act (PPACA) aim to generate revenue by enforcing a personal mandate that requires all individuals not covered by employer- or government-provided health insurance to purchase insurance.